The Archive · 1923

Kobe the New Trade Centre

Osaka, Sept. 5.

Owing to the almost complete destruction of the cities of—Tokio and Yokohama, the centre of foreign © trade will be shifted to Kobe. At a meeting to-day the Kobe Chamber of Commerce proposed to take care of all incoming foreign cargo intended for Tokio and Yokohama.

The export of raw silk from Yokohama is impossible. It is generally thought that a Silk Exchange should be established either in. Kobe or Osaka, from which ports exports could be made.

It is feared that the stocks of raw silk in Yokohama, totalling 47,000 bales, have: been totally destroyed by fire.

The Osakai branch of the Yokohama Specie Bank states that foreign exchange business is quiet, with quotations nominal since Monday. The demand for gold dollars is increasing owing to ex-

Text read from the printed page and cleaned; old type leaves the occasional error.

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